2011 Wisconsin Code
Chapter 76. Taxation of public utilities and insurers.
76.645 Penalties.

76.645

76.645 Penalties.

76.645(1)

(1) Late payment. An insurer that fails to make quarterly payments under s. 76.64 of at least 25% of either the total tax paid for the previous calendar year or 80% of the actual tax for the current calendar year is liable, in addition to the amount due, for interest of 1.5% of the amount due and unpaid for each month or part of a month that the amount due, together with any interest, remains unpaid.

76.645(2)

(2) Negligence. An insurer that fails to pay an amount due, or file a return required, under s. 76.64, unless the insurer shows that the failure is due to reasonable cause and not due to willful neglect, is liable for the greater of the following amounts:

76.645(2)(a)

(a) Five hundred dollars.

76.645(2)(b)

(b) Five percent of the amount due for each month or fraction of a month during which the failure continues, but not more than 25% of the amount due.

76.645 - ANNOT.

History: 1985 a. 29.